The TSX jumped more than 1 percent at the open to a high of
13,360.49, but failed to sustain the rally.

"We're still trying to consolidate after the dramatic moves
this week. The intraday swings left only the aggressive traders
who are bottom pickers in this market," said John Ing, president
of Maison Placements Canada.

"Most investors are staying on the sidelines, just seeing
how the dust settles," he said.